AI Drone Company ZenaTech Soars Higher: Arizona Facility Sets Stage For 'Made In America' Military Drones

ZenaTech, Inc. ZENA shares are trading higher on Thursday.

The company announced that its subsidiary, ZenaDrone, has officially moved into a new manufacturing facility in Phoenix, Arizona.

The new facility is pivotal in the company’s efforts to produce “Made in America” drones for the U.S. military and NATO. It will focus on the production, assembly, and research & development (R&D) of ZenaDrone 1000, an advanced autonomous AI drone designed for defense applications.

The facility is also equipped with an aeronautical test range for drone demonstrations, furthering the company’s commitment to innovation.

The ZenaDrone 1000 is designed to meet the stringent requirements of the National Defense Authorization Act, ensuring compliance with cybersecurity standards and country-of-origin specifications.

This is a key milestone for ZenaDrone as the U.S. military requires all suppliers to adhere to NDAA compliance, particularly in the areas of sensitive technologies such as chipsets and cameras.

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A major aspect of ZenaDrone’s new R&D efforts will be its Sky Traffic project, which explores the use of AI and Quantum Computing to develop drone swarms for military applications.

These swarms promise to revolutionize defense operations by offering highly coordinated, autonomous surveillance and reconnaissance, significantly enhancing speed and efficiency.

The project also targets advanced solutions in traffic management, weather forecasting, and wildfire management, applying these technologies for civilian use as well.

The global military drone market, valued at $14 billion in 2023, is projected to grow to $47 billion by 2032. ZenaDrone aims to tap into this expanding market, focusing on the Intelligence, Surveillance, Reconnaissance, and Targeting sectors and logistics, two major applications for military drones. The company has already completed successful trials with the U.S. Air Force and Naval Reserve, testing drones for logistics and cargo transportation in the field.

Price Action: ZENA shares are trading higher by 24% to $7.44 at last check Thursday.

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